I have two student loans, one is a private educational loan, which is killing me because they are charging 10% interest, and the other is through my alma mater, the interest rate on that is 6% if I’m not mistaken. The total of both loans is about $13,000.
Does anyone know of a company or non-profit group that can help me consolidate these loans, so I can have one low monthly payment? I would appreciate any and all help. Thanks in advance!
2007-04-27 07:41:44 · 2 answers · asked by Sports Guy 786 3 in Education & Reference ➔ Financial Aid
Have you thought about consolidating through Sallie Mae? It is simple to do. I also recommend joining Upromise because there is an option to pay off your student loans through money accumulated through their program.
2007-04-27 09:31:45 · answer #1 · answered by dawncs 7 · 2⤊ 0⤋
unfortunately consolidation doesn't cross private/government loan boundaries. Ask around, though, you should be able to get a more competitive rate on your alma mater loan by "consolidating" (even though it's just one loan, you can still consolidate it...it's just refinancing basically.)
2007-04-27 07:50:13 · answer #2 · answered by Diet Lava 3 · 1⤊ 0⤋